ArkCore (NGO:3384) Graham Number: 円1,986.71 (As of May. 2026) — 367809% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NGO:3384 ArkCore Inc NGO:3384
81 GF Score
Price 円757.00
GF Value 円822.76
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is ArkCore Graham Number?

ArkCore NGO:3384 +0.26% 81 Graham Number is 円1,986.71 as of May. 2026, which is 100% below its 10-year median of 0.54. GuruFocus rates NGO:3384 with a GF Score™ of 81/100 and a GF Value™ of 円822.76 (Fairly Valued). The stock has 1 warning sign investors should review. Among 985 Vehicles & Parts companies, ArkCore ranks better than 89.54% on this metric.

Graham Number is a figure that measures a stock's fundamental value by taking into account the company's earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock. According to the theory, any stock price below the Graham number is considered undervalued, and thus worth investing in.

As of today (2026-08-16), the stock price of ArkCore is 円757.00. ArkCore's graham number for the quarter that ended in May. 2026 was 円1,986.71. Therefore, ArkCore's Price to Graham Number ratio for today is 0.38.

The historical rank and industry rank for ArkCore's Graham Number or its related term are showing as below:

NGO:3384' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.34   Med: 0.54   Max: 5.34
Current: 0.38

During the past 13 years, the highest Price to Graham Number ratio of ArkCore was 5.34. The lowest was 0.34. And the median was 0.54.

NGO:3384's Price-to-Graham-Number is ranked better than
89.54% of 985 companies
in the Vehicles & Parts industry
Industry Median: 1.19 vs NGO:3384: 0.38

Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.


ArkCore  (NGO:3384) Graham Number Explanation

Ben Graham actually did not publish a formula like this. But he wrote in The Intelligent Investor (1948 version) regarding to the criteria for purchases:

Current price should not be more than 15 times average earnings of the past three years.

Current price should not be more than 1.5 times the book value last reported. However, a multiplier of earnings below 15 could justify a correspondingly higher multiplier of assets. As a rule of thumb we suggest that the product of the multiplier times the ratio of price to book value should not exceed 22.5. (This figure corresponds to 15 times earnings and 1.5 times book value. It would admit an issue selling at only 9 times earnings and 2.5 times asset value, etc.)

Unlike valuation methods such as DCF or Discounted Earnings, the Graham number does not take growth into the valuation. Unlike the valuation methods based on book value alone, it takes into account the earnings power. Therefore, the Graham Number is a combination of asset valuation and earnings power valuation.

In general, the Graham number is a very conservative way of valuing a stock. It cannot be applied to companies with negative book values.

ArkCore's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: May. 2026 )
=757.00/1,986.71
=0.38

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Please keep these in mind:

1. Graham Number does not take growth into account. Therefore it underestimates the values of the companies that have good earnings growth. We feel that if the earnings per share grows more than 10% a year, Graham Number underestimates the value.
2. Graham Number punishes the companies that have temporarily low earnings. Therefore, an average of earnings makes more sense in the calculation of Graham Number.
3. Graham Numbers underestimates companies that are light with book.


ArkCore Graham Number Related Terms


ArkCore Graham Number Historical Data

* Premium members only.

The historical data trend for ArkCore's Graham Number can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

ArkCore Graham Number Chart

ArkCore Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 468.74 1,092.59 975.83 1,849.74 1,759.51

ArkCore Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Feb25 May25 Aug25 Nov25 Feb26 May26
Graham Number Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,937.35 1,843.82 1,918.74 1,759.51 1,986.71

NGO:3384 vs CVNA, PAG, KMX: Graham Number Comparison

For the Auto & Truck Dealerships subindustry, ArkCore's Price-to-Graham-Number, along with its competitors' market caps and Price-to-Graham-Number data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


ArkCore Price-to-Graham-Number vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, ArkCore's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where ArkCore's Price-to-Graham-Number falls into.


NGO:3384
81GF Score
ArkCore Inc NGO:3384
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ArkCore Graham Number Calculation

Graham Number is a concept based on Ben Graham's conservative valuation of companies.

ArkCore's Graham Number for the fiscal year that ended in Feb. 2026 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*854.513*161.021)
=1,759.51

ArkCore's Graham Number for the quarter that ended in May. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*963.699*182.03)
=1,986.71

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Graham Number →
What does a Graham Number of 円1,986.71 mean?
ArkCore (NGO:3384) has a Graham Number of 円1,986.71 as of May. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on ArkCore and its competitors. This is 367809% above median its historical median of 0.54. Over the past decade, ArkCore's Graham Number has ranged from 0.34 to 5.34. According to the industry distribution chart, ArkCore ranks #103 out of 985 companies in the Vehicles & Parts industry, placing it in the top 10.5%.
Is ArkCore's Graham Number too high?
ArkCore's current Graham Number of 円1,986.71 is 367809% above median its 10-year median of 0.54. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 5.34. Based on the distribution chart, ArkCore ranks #103 out of 985 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, ArkCore has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ArkCore's Graham Number compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, ArkCore ranks #103 out of 985 companies for Graham Number. This places ArkCore in the top 11% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.19. Historically, ArkCore's own Graham Number has ranged from 0.34 to 5.34 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Graham Number for a Vehicles & Parts company?
The median Graham Number among Vehicles & Parts companies is 1.19, based on 985 companies in the industry. Companies in the top quartile (top 25%) have a Graham Number significantly above this median, while those in the bottom quartile fall well below. However, Graham Number should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Graham Number mean?
A high Graham Number can signal that a stock is expensive relative to its fundamentals. The Graham Number values a company based on its per-share earnings and book value. View historical data on ArkCore and its competitors. For the Vehicles & Parts industry, the median Graham Number is 1.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ArkCore's current Graham Number is 円1,986.71, which is 367809% above median its own 10-year median of 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ArkCore stock overvalued right now?
Based on GuruFocus' analysis, ArkCore (NGO:3384) is currently considered Fairly Valued. The stock's GF Value™ is 円822.76, compared to a current price of 円757.00 — trading 8% below its estimated fair value. The current Graham Number is 円1,986.71, which is 367809% above median its 10-year median of 0.54. ArkCore's overall GF Score™ is 81/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Graham Number calculated?
Graham Number is calculated from a company's financial statements. For ArkCore (NGO:3384), the current Graham Number is 円1,986.71 as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is ArkCore (NGO:3384) Overvalued in 2026?

Based on GuruFocus' analysis, ArkCore stock appears to be undervalued. The current stock price of 円757.00 is trading 8% below its estimated GF Value™ of 円822.76. GuruFocus considers ArkCore to be Fairly Valued.

Key valuation signals for NGO:3384:

  • Graham Number: 円1,986.71 (367809% above median its 10-year median of 0.54)
  • GF Value™: 円822.76 vs. price of 円757.00 (8% below fair value)
  • GF Score™: 81/100 with 1 warning sign

No single metric tells the full story. See the NGO:3384 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ArkCore Business Description

Address 2-14-4, Ikebukuro, 3rd floor, Sky Building, Ikebukuro West Exit, Toshima-ku, Tokyo, JPN
ArkCore Inc. is engaged in the purchase and sales of motorcycles and related products in Japan. It sells bikes through its stores and online. The company operates its stores under the Bike Land and Bike Land Direct Sales Center brand names.
81GF Score

Get the complete analysis for NGO:3384

Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円757.00
Price
円822.76
GF Value